Cost of Living in Laurens County, South Carolina

$847/mo
Median Monthly Rent
$153,500
Median Home Value
10% below state averageUnaffordable

At a Glance

Median Monthly Rent
$847/mo
10% below state average
Median Home Value
$153,500
46% below national
Rent-to-Income Ratio
26.0%
% of income spent on rent

Rent burden measured as median gross rent as a percentage of renter household income (Census ACS B25071)

Affordability Rating
Unaffordable
Rent over 50% of income

How Laurens County Compares

Median monthly rent comparison

Laurens County$847/mo
South Carolina Average$945/mo
National Median$1,163/mo

Detailed Housing Stats

$847/mo
Median Gross Rent
$153,500
Median Home Value
$667/mo
Monthly Owner Cost
26.0%
Rent-to-Income Ratio

Data Story

About Cost of Living in Laurens County, South Carolina

Laurens offers genuine affordability on moderate income

Laurens County residents spend 18.3% of their $55,517 median income on rent—below the state average and reflecting an unusually balanced housing market. At $847 monthly, Laurens rents are among the state's most reasonable, making this rural county genuinely affordable for working families.

Well below state average, but income lags

Laurens's 18.3% rent-to-income ratio beats South Carolina's 20.1% state average, placing it in the more comfortable tier despite incomes roughly $20,000 below the state norm. The affordable rents partially offset the lower wages, creating a manageable market for residents with local job ties.

Rural charm with rural-priced housing

Laurens's $847 rent ranks among the lowest here, undercutting Horry ($1,181) by 28% and Jasper ($1,307) by 35% while nearly matching Hampton ($815). This affordability reflects Laurens's rural character—for those prioritizing lowest costs over urban amenities, few South Carolina counties compete.

Buying dramatically cheaper than renting here

Laurens homeowners pay just $667 monthly compared to renters' $847—a $180 monthly savings that makes ownership a no-brainer for those with down payment ability. The median home value of $153,500 is the lowest in this dataset, placing homeownership within reach for modest-income households.

Laurens shines for budget-first relocators

If you're relocating on a tight budget or with remote work income, Laurens delivers the lowest ownership costs in South Carolina and rents nearly as affordable. Just accept that local wages are modest and job options limited—this county rewards those who bring income with them.

Affordability Calculator

See how your income compares to housing costs in Laurens County

$

Rent Burden

18.3%

of gross income

Max Housing (28% Rule)

$1,295

per month

Owner Cost Burden

14.4%

of gross income

You can likely afford the median home in Laurens County

Median home value is $153,500. Estimated monthly cost: $1,225 vs. your max of $1,295.

Rent Affordability Guide

Your rent-to-income ratio18.3%
Recommended max30.0%

Frequently Asked Questions

What is the cost of living in Laurens County, South Carolina?
Laurens County, South Carolina has a median monthly rent of $847/mo and a median home value of $153,500. The affordability rating is Unaffordable, with rent making up approximately 26.0% of median household income.
What is the median rent in Laurens County?
The median gross rent in Laurens County is $847/mo. This is 10% below state average for South Carolina.
Is Laurens County affordable?
Laurens County is rated Unaffordable based on rent-to-income ratio of 26.0%. Spending over 50% of income on rent is generally considered unaffordable.
How does Laurens County's rent compare to the state average?
Laurens County's median rent of $847/mo is 10% below state average of $945/mo for South Carolina.
What is the median home value in Laurens County?
The median home value in Laurens County, South Carolina is $153,500. This is 46% below the national median home value of $281,900.
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Data: U.S. Census Bureau, American Community Survey (ACS) 5-Year Estimates (2019-2023) — Informational only. Not financial or legal advice.